Being Digital is the now the new median.

Digital transformations or Digitalization is the profound transformation of business and organizational activities, processes, competencies, and models to sufficiently influence the changes and opportunities of a mix of digital technologies and their accelerating impact across the society strategically and comprehensively in the present circumstances and the near future. Companies are increasingly launching digital initiatives to expand or build digital capabilities aimed at business efficiency or top-line revenue growth. Moreover, as digital transformation success stories emerge, the trend is gaining steam. Today, those businesses that are digitally based have easy access to other channels and have more profit in this case. Currently, digitally transformed companies have an edge; tomorrow, only digital businesses will succeed.

The essential requirement for Digital Transformation

This process requires a strategy too which is called “Media Strategy” assists in gaining higher profits through data resources and technology-based initiatives. A successful digital approach needs a cross-functional team with executive leadership, marketing, and information technology (IT) members.

Standout examples of digital transformations

Companies like Nike and Burberry have moved from being providers of traditional consumer goods to digital leaders, creating value across digital products, services, and experience. Others have followed the example to take a plunge in the business opportunities.

Nestle sells over 1.2 billion items daily across 8000+ brands which we all know from Nescafe, KitKat, Maggie, Pure Life Bottled water which is a big hit. Domino’s Pizza doesn’t use mobile as just another sales channel. It’s a branding tool.

Digital acceleration

Digital acceleration is also essential as the staff works not only on social media promotion but also on damage control and reputation management.

Three important pillars for digital transformation

Transform Customer Experience:

  • Improve Customer Understanding with Analytics (customer behavior, segmentation).
  • Enhance Top-Line Growth with digital products like smart Phone, iPads, real-time predictive marketing.
  • Digitized Customer Touch Points – Social media to answer complaints, self-service via Apps, increased multi-channel usage.

Transform Operational Processes:

  • Process Digitization with automation and adding new features.
  • Staff Enablement with virtualization of workspace working anytime, anywhere.
  • Performance Management decision making based on data with more profound insights into Customers, Products, Regions, etc.

Transform Business Models:

  • Digitally Modified Businesses – the need to augment digital offerings, share contents across the organization.
  • Introduce New Digital Businesses – (Ex:-Nike introduced fuel bands)
  • Digital Globalization – use of Global shared services to promote efficiency, from multinational to a global

Challenges on the road to revolution

What are the problems firms are facing in digital transformation? Difficulties occur in all three elements of the transformation process: Initiation, Execution, and Coordination.

1.    Initiation

firstly involves the lack of impetus. This happens when the executives are justifiably skeptical of the benefits of emerging technologies. Moreover, this, in turn, prevents the firm from engaging in useful digitally enabled experiments and business changes. Secondly, reputation is the next thing that comes in the way while initiating Digital Transformation, as usually in healthcare or financial services executives are being careful about mobile and social technologies because of security and privacy concerns.

2.    Execution challenges

Involve three main elements which may stop any leading company to grow successfully. One of the most crucial factors is Analytic-based decision making as it does not come naturally to the people working in firms. Secondly, Culture issues also become a bottleneck for digital transformation. A major cultural problem is related to changes in jobs due to automation or information empowerment.

3.    Coordination challenges

Include many issues. Many firms fail to transform because of coordination difficulties across business units or processes. Groups can make progress in their areas but are unable to influence practices in other groups.

If the executives are facing these challenges, then they have to seek them out rationally so that they could find an immediate solution to them to digitalize their companies or prove themselves worthy of the global transformation and Agile Project Management.

The intensity of a digital change technique lies in its extension and targets.

Less carefully develop associations tend to center around singular advancements and have techniques that are positively operational in the center. Advanced technologies in the most develop associations are produced with an eye on changing the business.

110 Replies

  1. berkey Reply

    My developer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on various websites for about a year and am anxious about switching to another platform. I have heard excellent things about Is there a way I can transfer all my wordpress posts into it? Any help would be really appreciated!|

  2. the feed Reply

    Hi there! I could have sworn I’ve visited this site before but after looking at some of the articles I realized it’s new to me. Anyways, I’m certainly delighted I came across it and I’ll be bookmarking it and checking back frequently!|

  3. feed Reply

    I believe that is one of the such a lot vital info for me. And i’m satisfied reading your article. But want to remark on some normal issues, The web site taste is great, the articles is actually nice : D. Excellent job, cheers|

  4. feed Reply

    I read this piece of writing fully on the topic of the difference of most up-to-date and preceding technologies, it’s amazing article.|

  5. thefeed Reply

    Hey there! Do you use Twitter? I’d like to follow you if that would be okay. I’m absolutely enjoying your blog and look forward to new updates.|

  6. thefeed Reply

    Hi there! I could have sworn I’ve visited this web site before but after looking at some of the articles I realized it’s new to me. Anyways, I’m definitely delighted I came across it and I’ll be bookmarking it and checking back frequently!|

  7. hey Reply

    Taxi moto line
    128 Rue la Boétie
    75008 Paris
    +33 6 51 612 712  

    Taxi moto paris

    whoah this weblog is magnificent i like reading
    your posts. Stay up the good work! You realize, lots of individuals are searching round for this info, you can help them greatly.

  8. superbeets review Reply

    Hi there colleagues, its fantastic post on the topic of educationand fully explained, keep it up all the time.|

  9. cheap flights Reply

    Hi there, You’ve done an incredible job. I’ll certainly digg it and personally recommend to my friends.

    I am confident they will be benefited from this web site.

  10. cheap flights Reply

    I am truly delighted to glance at this weblog posts which includes plenty of helpful information, thanks for providing these statistics.

  11. Reply

    Howdy, i read your blog from time to time and i own a similar one and
    i was just curious if you get a lot of spam comments? If so how do you stop it, any plugin or
    anything you can recommend? I get so much lately it’s driving
    me crazy so any assistance is very much appreciated.

  12. Reply

    I’m amazed, I have to admit. Rarely do I encounter a blog that’s
    equally educative and interesting, and without a doubt, you’ve hit the nail on the head.
    The problem is something which too few men and women are speaking intelligently about.
    I’m very happy I stumbled across this during my hunt for something relating to this.

  13. Reply

    I really like your blog.. very nice colors & theme.

    Did you create this website yourself or did you hire someone to do it for you?
    Plz respond as I’m looking to design my own blog
    and would like to know where u got this from.
    thanks a lot